Philangco Corporation, an overseas based but locally registered company, has submitted an offer for the Palmyra condominium complex, an incomplete development started by Robert Trotta and partners, but which was placed in receivership by its bankers close to three years ago.
A deal is said to be about two to four weeks away from being sealed, according to separate sources.
“We consider ourselves the preferred bidder,” said Dunbar McFarlane, a former banker and chief financial officer for Philangco.
Published in The Gleaner
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